State regulators Monday approved third-quarter health insurance rates that will raise premiums an average of just 1.2 percent in the market serving small businesses and individuals, continuing a trend of more modest increases seen over the past three quarters. Several health insurance carriers, including Tufts Health Plan of Watertown and Worcester-based Fallon Community Health Plan, will reduce their rates - a rarity in Massachusetts health care - according to data from the state Division of Insurance.
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Sure, sure, the insurers may reduce their premiums, however, you can count on the co-pays and deductibles to rise.
so what is 2.7 per cent added to $1587 a month. Doesn't seem modest to me. So will this take effect 1 year from the original date of policy renewal or is it going to be September instead of November making it less than a year as Blue Cross decided to change their policy renewal date?